Go Back To Search Results Question What does it take to get a commercial loan for $1.4 million dollars? I want to buy a bowling center for $1.4 million. I have no cash to put down but I have collateral as in a house that was appraised for $143,000. Is there anyway to obtain financing for this purchase? By Jess Posted on 04/27/09 Total Answers 1 Answers- If you have equity in the house of the entire $143,000, you may just barely squeak by, since that is 10% of the purchase price. To get the loan, you will need to hire an accountant to go over the books and see what the current profits are, possible future profits, etc. You will probably also have to present a business plan/proposal to the bank with a demographic analysis of your business patterns, customers, possible future growth, changes in the neighborhood/marketing area, etc. I would contact SCORE and ask for assistance in how to present all this to the bank. Their web site is www.score.org and there is a place to find the nearest chapter. Answer by : Steve D On Date 2009-04-27 11:31:57   Go Back To Search Results